Saudi Arabia Oil and Gas Report Q1 2016

Date: December 9, 2015
Pages: 95
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: S361C9A35F9EN

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Includes 3 FREE quarterly updates

BMI View: Saudi Arabia will continue to raise its crude production in 2016, in order to meet rising demand from the domestic power and downstream sectors. Crude exports will remain relatively flat, although expanding refining capacity will help ease the kingdom's reliance on imported refined fuels. Fuels consumption continues to see strong growth and limited progress on subsidy reform will keep this dynamic broadly in play. Gas consumption will accelerate over the next several years, as a spate of major new processing facilities are brought online. However, it will remain below the level of unrestrained demand, weighed downed by the limits of domestic production and a lack of import alternatives.

Latest Updates & Key Trends
  • In an attempt to maintain crude oil export share, we expect Saudi output to increase its production y-o-y in 2016.
  • However, we forecast exports to remain flat as new refining capacity is brought online, absorbing forecast production growth.
  • In order to support exports, the kingdom has looked to increase the role of gas in the domestic power and industrial sectors. However, domestic gas consumption remains heavily capped due to limited production growth.
  • In spite of Saudi Arabia's heavy focus on unconventional and onshore non-associated gas resources, we expect slow progress in developing these prospects. Domestic production will likely remain insufficient to meet unrestrained demand.
BMI Industry View
  Table: Headline Forecasts (Saudi Arabia 2013-2019)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Upstream Projects
  Table: Upstream Project Database
Upstream Production - Oil
Structural Trends
  Table: Oil Production (Saudi Arabia 2013-2018)
  Table: Oil Production (Saudi Arabia 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Saudi Arabia 2013-2018)
  Table: Gas Production (Saudi Arabia 2019-2024)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Saudi Arabia 2013-2018)
  Table: Refining Capacity and Refined Products Production (Saudi Arabia 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Saudi Arabia 2013-2018)
  Table: Refined Products Consumption (Saudi Arabia 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
  Table: Major Downstream Projects
  Table: Gas Consumption (Saudi Arabia 2013-2018)
  Table: Gas Consumption (Saudi Arabia 2019-2024)
Trade - Oil
Crude Oil
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Saudi Arabia 2013-2019)
  Table: Crude Oil Net Exports (Saudi Arabia 2019-2024)
Refined Fuels
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Saudi Arabia 2013-2018)
  Table: Refined Fuels Net Exports (Saudi Arabia 2019-2024)
Trade - Gas (Pipeline and LNG)
Structural Trends
Industry Risk Reward Index
Middle East Oil & Gas Risk/Reward Index
  Table: BMI's Middle East Oil & Gas Risk/Reward Index (RRI)
Index Resilient In Lower Price Environment
  Table: Middle East Upstream Oil & Gas Risk/Reward Index
Limited Opportunities Downstream
  Table: Middle East Downstream Oil & Gas Risk/Reward Index
Saudi Arabia - Risk/Reward Index
Market Overview
Saudi Arabia Energy Market Overview
Regulatory Overview
Licensing Regime
Fiscal Regime
  Table: Saudi Arabia PCA Main Fiscal Terms
Oil And Gas Infrastructure
Oil Refineries
  Table: Saudi Arabia Oil Refineries
Oil Terminals/Ports
Oil Pipelines
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players In Saudi Arabia's Oil & Gas Sector
Company Profile
Saudi Aramco
Shell Saudi Arabia
ExxonMobil Saudi Arabia
Other Summaries
Regional Overview
Middle East Oil & Gas Regional Overview
Oil Production: Expansion Projects March On
Oil Consumption: Subsidies Hide Weaker Price Impact, But Push Demand Growth
Refining Capacity: Mega Refineries Outcompete In Oversupplied Market
Gas Production: In Needed Of More Gas
Gas Consumption: Switch To Gas Power Will Boost Demand
  Table: Middle East Oil & Gas Production, Refining Capacity & Trade
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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